The FTA would widen access to markets with strong demand for premium food products in line with the country’s strategy of shifting exports towards increasing added value.
Vietnamese companies, especially small and medium-sized enterprises,
need to use e-commerce more to strengthen their competitiveness in
foreign trade, Le Dang Doanh, an economist and former member of the
Government Advisory Council, has said.
Negotiations on the Sanitary and Phytosanitary Systems (SPS) play a
pivotal role in promoting free trade between Viet Nam and the European
Free Trade Association (EFTA), which is also estimated to boost Viet
Nam''s exports in the EU.
